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The Obama Administration hurts another industry

Objective analysts are beginning to weigh in on the consequences of the FCC’s Net Neutrality-driven actions against the Internet. Guess what: they’re saying ISPs are looking worse off for it. Says Barron’s:

Bernstein Research analyst Craig Moffett, a long-time bull on the cable sector, this morning turned cautious on the group, downgrading Comcast (CMCSA), Cablevision (CVC) and Time Warner Cable (TWC) to Market Perform from Outperform.

How exactly is FCC Title II Regulation of ISPs going to improve competition and make things better for the little guy when it’s going to be harder for ISPs to make a profit, and therefore harder for new ISPs even to enter the market to begin with?

Because they were never for the little guy to begin with. Ever. The Obama administration never has and never will do anything but punish digital libertarians, and the rest of us are along for the punishing ride. Elections have consequences, after all.

COMMENTS

  • ObamaNo

    Let’s see – my business was in health care support and I am losing my business next month because of Obamacare. Oh, and my husband has worked for one of the largest cable companies for over 20 years. Now we must wonder how much longer he will keep his job.

    Thanks Obama! You’re peachy keen. Thanks for taking away the financial security we’ve worked for all of our adults lives for your social experiments.